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BCE price target raised to C$39 from C$38 at RBC Capital

RBC Capital raised the firm’s price target on BCE (BCE) to C$39 from C$38 and keeps an Outperform rating on the shares.The newly-announced 300 MW data center is an incremental positive with the major boxes being ticked with respect to project economics, risk, returns and upside optionality for BCE, the analyst tells investors in a research note.

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